Comments (25)

Apr 9, 2020 - 5:18pm

It's definitely doable. Takes a little bit more work, and logistically more of a hassle (generally have to fly in early am, fly back that afternoon/night so you only miss one day of work), but if you network with alums and hook up with headhunter who places where you wanna go, I know analysts who have done it.

Plus, now with Skype/Zoom, might be able to do all but last round remotely. Yeah, tough to do that from work, but just go home for lunch/rent hotel room nearby and do Zoom from there.

  • Analyst 1 in IB - Ind
Apr 9, 2020 - 5:34pm

I am actually trying to do the opposite since I am originally from Chicago. I imagine that is easier than the reverse? Anyone have success making that transition?

  • Analyst 1 in IB - Ind
Apr 9, 2020 - 7:04pm

I am in NY. I really enjoy living here and am glad I get to spend time here as a 23 year old with no real obligations. But in addition to growing up around Chicago, I also went to school there so almost my entire friend group is there (both my HS and college friends)

I am as motivated by money as the next guy, but even though I know there are a higher number of well paid next steps in NY, I know there are still enough great spots in Chicago. When I do the calculus in my head of next job plus proximity to close friends, Chicago seems to win. Maybe that will change though if I can convince other friends to move here.

  • VP in PE - LBOs
Apr 10, 2020 - 9:47am

It'll make life a lot easier if your firm has an NYC office. I recruited for NYC PE on-cycle way back during my analyst days (I was in a BB regional office) and I basically got myself a spare cube at our HQ where I worked at night while doing interviews during the day. The tough part is dropping everything the instant you get a whiff of interviews kicking off and flying to New York either that night or first thing the next morning.

  • Analyst 1 in IB - Ind
Apr 10, 2020 - 9:59am

was your firm okay with it? I'm going to Chicago and always wanted to be in NY. idk if I should be open about PE recruiting or lateral recruiting (probably not lateral)

  • VP in PE - LBOs
Apr 10, 2020 - 10:06am

That's a good point. My firm was very open about recruiting (I literally just sent an email to my associates saying I was interviewing for PE jobs in NYC and would be out of pocket for a couple days), but that's obviously not the case everywhere. Having office space really helps though because these processes can stretch a couple of days. I remember when I interviewed (this was several years ago so who knows how it works now) Apollo and Carlyle interviewed on day 1, TPG and Warburg on day 2, and a bunch of MM/UMM funds day 3. Daytrips make it really difficult to make it through multiple processes like that.

  • VP in PE - LBOs
Apr 10, 2020 - 1:32pm

I was at MS. Seems like the most relaxed of the BBs around analysts recruiting for PE.

Most Helpful
  • Works at Bain & Company
Apr 10, 2020 - 2:02pm

I recruited from a Chicago consulting firm to an UMM/MF NY PE firm. To be honest, it's quite tough. I was on a case in Florida when on-cycle kicked off so had to fly to New york ASAP, but still wasn't able to quite get there before the rush of interviews started.
For off cycle, I was constantly flying to NYC for coffee chats and interviews. Honestly,it's doable. You just have to be very upfront with the recruiters that you only want NYC. Most PE firms won't actually care that you're in Chicago as long as you have solid credentials. I would just recommend making trips out to NYC to talk face to face to folks as that's an easy way to show how interested you are in the firm.

  • Works at Bain & Company
Apr 10, 2020 - 4:01pm

I told them that I was recruiting. It's hard to disappear for a day without telling folks where you are. I tried to keep it between me and my consultant (associate equivalent). But word spread and everyone knew I was recruiting. I had a funny moment where a VP-equivalent that I had worked with asked me how ibankign recruiting was going cause she heard I was trying to do something finance related.

  • Analyst 1 in IB - Ind
Apr 10, 2020 - 11:18pm

Thanks for the response- very helpful. Currently an analyst at a BB in Chicago (industrials) interested in recruiting to NY UMM/MF. Couple of quick questions for you :

1) For networkng, how important was it to go to the "breakfast"/coffee chat type events the MFs/UMM hold to secure an interview?

2) For on-cycle this year I heard a lot of the interviews were done over the weekend? Was this true? Just trying to get myself prepared for scheduling etc. when it kicks of this year.

Thanks again

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